Harris Teeter Stock Jumps on Sale Report

MATTHEWS, N.C. — Harris Teeter Supermarkets late Wednesday confirmed reports that it had engaged J.P. Morgan to evaluate strategic alternatives, saying it had a buyout offer from two private equity firms.

Financial analysts estimated Wednesday that the retailer could realize between $2 billion and $2.5 billion in a sale.

"The company was approached by two private equity firms who expressed an interest in purchasing the company," Harris Teeter said

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